Int’l Platinum (November 08, 1993)
Toronto-listed International Platinum (IP) has reached an agreement with New Ventures Development concerning an Arizona property. The agreement, subject to due diligence, will allow IP the right to ea…
Articles by Northern Miner Staff
NEWS ROUNDUP — Miramar buys Con mine
Having acquired the Con underground gold mine in Yellowknife, N.W.T., Miramar Mining (VSE) ranks as one of the 15 highest-producing gold miners in Canada. The company acquired the mine from Nerco Mine…
NEWS ROUNDUP — Musto increases grades at Argentine
International Musto Explorations (TSE) reports an increase in copper and gold grades at its porphyry deposit in northwestern Argentina. The announcement follows the re-analysis of 4,200 samples from t…
Freeport ponders Grasberg expansion
By year-end, Freeport-McMoRan Copper & Gold (NYSE) expects to decide whether or not to continue with mill expansion at its copper-gold mines in the Indonesian province of Irian Jaya (also known as Wes…
EDITORIAL PAGE — Vive l’exploration!
In 1979, Lac Mineral CEO Peter Allen was asked what he considered the most prospective ground in Canada. Allen’s reply, quoted in Timothy Green’s latest book The World of Gold, was as follows: “If I h…
Greenstone financing Panama gold play
To fund construction at the Santa Rosa gold project in Panama, Greenstone Resources (TSE) has entered an agreement with an underwriting group to raise $13.5-18 million. The group, led by Nesbitt Thoms…
TSE INDICES (November 08, 1993)
— Week — Nov 2 Nov 1 Oct 29 Oct 28 Oct 27 High Low Composite”300*” 4250.31 4248.02 4255.54 4235.24 4197.48 4255.61 4191.24 Metals&Minerals 3066.40 3077.42 3080.71 3070.71 3015.04 3080.71 3001.40 Int…
New Canamin ups Huckleberry reserve
New Canamin Resources (VSE) has revised its reserve estimate for the Huckleberry property, near Kemano, B.C. The drill-indicated and drill-inferred mineral inventory is now pegged at about 69 million …
Dolphin explorations
Shareholders of American Gem, a private Montana company, are set to become the majority shareholders of Dolphin Explorations (TSE). The reverse takeover would result in American Gem becoming a wholly …
Dewey drill program returns gold values
Drilling on the Dewey property in central Idaho has returned significant gold intersections, one such intercept as high as 0.097 oz. gold per ton across 195 ft. USMX (NASDAQ) optioned the property ear…
World Wide options Ecuadorian prospects
Toronto-listed World Wide Minerals (TSE) has acquired an option on six gold and base metal properties in Ecuador. Nestled in the Andes, the properties are underlain by structurally deformed volcanic r…
BHP plans to drill in Tanzania
Work is continuing on two concessions in Tanzania under the direction of BHP Minerals International. The company is earning a 66% and a 58% interest, respectively, in the Kagera and Kabanga ground fro…